Tesla Inc. was abruptly removed from this year’s Vancouver International Auto Show after organizers cited safety concerns amid mounting protests targeting the automaker and its high-profile CEO, Elon Musk. According to event executive director Eric Nicholl, Tesla was given multiple opportunities to withdraw voluntarily, but its continued participation was deemed too risky for the safety… Continue reading Tesla Faces Setback After Removal from Vancouver Auto Show
Elon Musk has seen his net worth plummet by more than $100 billion since December, as Tesla’s stock value takes a significant hit, causing the electric vehicle (EV) giant to lose its trillion-dollar status. The sell-off has left investors questioning the company’s future amidst a combination of internal challenges and broader economic pressures. Demand Concerns… Continue reading Tesla’s Market Value Drops, Musk Loses Over $100B Amid Stock Sell-Off
In a surprising move that has sent ripples through the electric vehicle (EV) sector, the Transportation Department announced today that it has frozen $5 billion in funds allocated for the EV charger program. The decision is raising concerns over potential delays in the rollout of much-needed public charging infrastructure, a key component in bolstering EV… Continue reading Transportation Department Freezes $5 Billion for EV Charger Program, Sparking Industry Uncertainty
General Motors (GM) is making a major play in the electric vehicle (EV) supply chain, committing $625 million to Lithium Americas Corp. (LAC) to help develop the Thacker Pass lithium mine in Nevada. This investment marks a significant step for both companies, aiming to strengthen the domestic production of lithium—a key component in EV batteries—and… Continue reading General Motors Invests $625 Million in Lithium Americas’ Thacker Pass Project
Uber (UBER) has apparently cut a deal in San Fransisco with taxicabs to add them to the platform. Taxis are expected to start as early as next month and New York as soon as the spring potentially adding other major cities later. At this point it looks like Uber is having a hard time turning… Continue reading Uber makes deal with Taxicabs
Tesla (TSLA) quietly signs a deal with Vale S.A. (VALE), a Brazilian mining company. Reported on Wednesday by Bloomberg News. With the price of nickel steadily rising even before the war in Ukraine, Tesla made the move to secure its supply of the metal for the ever-increasing demand of Electric Vehicle batteries. Unlike most of… Continue reading Tesla signs secret Nickel deal